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president obama a lot of cover, the economy needs to start recovering before before we make any sacrifices before we ask people to make any sacrifice and i think there the president will be able to if he is reelected to kind of have a simpson-bowles moment and that is what clinton is trying to set him up to do. >> i also thought he gave cover in another way which is to say, there is a lot to be dealt with here, first in the short-term and the long-term, and we don't expect the president to come out and say right now what his negotiating position, what his end point is going to be of the negotiations so everyone should get together and start working on this. so when president obama said he was thinking about naming bill clinton as secretary for explaining stuff, he also meant not quite explaining it when the need arose. >> yes. >> schieffer: peggy, let me just start with you. this week, i mean, you write this column for the wall street journal, many conservatives look to you for advice. i mean you are a leading voice on the right. you called the romney campaign this week a rolling calamity.
the election. obama cowl make a gaffe. mitt would win the debates, go could send a flood to destroy all mankind. ( laughter ) so there's hope. >> schieffer: short of building an ark, what is romney's best chance. we'll ask new jersey governor chris christie, and one-time adversary, newt gingrich. so far romney is sticking to a familiar theme, but does he need to do more? >> i will lower the tax rate. he wants to creat to raise them. i'll create jobs and he'll kill them. also marsha blackburn, bob shrum, and larry sabato from the university of virginia center for politics. as we head into first presidential debate, we'll talk about the state of america at home and abroad with the distinguished panel. michelle rhee, former head of the washington, d.c. school system and founder of students first. economist mark zandi of moody analytics. bob woodward, author of "the price of politics" and hendrick smith, author of the new book "who stole the american dream?." it's all ahead on "face the nation." captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. >> schief
that, particularly if you're going to vote for obama. you begin to say to yourself, "well, it's not that bad. and he's data the best he can" i think there's a certain circ lal logic to it. my fear is i see indications that we could easily end up in a new recession. the numbers that came in on manufacturing orders, the worst since want beginning of 2009. the fact that they've readjusted the gross domestic product as you you pointed out down, to an anemic growth rate, much below the level of creating enough jobs. so i'm concerned that we're not on the right track. and frankly, when you look at education, we're clearly not on the right track. beyond partisanship-- this is not republican-democrat. it's the country which is not on the right track. and i think it's going to take very wrenching leadership over self years to get us back, getting in shape for the future. >> schieffer: rick smith, i read your book, the title "who stole american dream?" that is a provocative title. you think this theft began somewhere back in the 70s, i guess it was. but i just want to hear you say it. y
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